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Capital 1 cheated customers out of billions, says lawsuit

FOX News on MSN · 2d

Capital One sued by CFPB for allegedly cheating customers out of $2 billion

The Consumer Financial Protection Bureau (CFPB) is suing Capital One, alleging the bank illegally misled customers by not notifying them of account options that paid higher interest rates.The federal government's consumer watchdog claims Capital One's practices meant millions of customers missed out on a collective $2 billion they could have made in interest payments.

CFPB sues Capital One alleging it cheated customers out of over $2 billion in interest

Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings account.

Hosted on MSN · 1h

Capital One sued; Cheated customers out of $2 billion, feds said

The Consumer Financial Protection Bureau has filed suit against Capital One for allegedly misleading customers about its high-interest savings accounts. The suit, filed Tuesday, alleges customers were cheated out of more than $2 billion in interest through Capital One’s flagship “360 Savings” accounts.

7h

Capital One is having a tough week

The CFPB sued Capital One this week, accusing it of "cheating" customers out of interest payments.

18h

Capital One allegedly swindled savings account holders out of billions in interest income

Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

4h

Capital One's technical woes worsen, with more bank accounts hit with deposit delays

"Guess I'll be eating ramen again tonight," tweets one customer on third day of issues linked to a data-center power outage.

6hon MSN

Capital One outage drags into second day, leaving some customers without deposit access

An outage affecting Capital One customers dragged into its second day Friday, further preventing some customers from ...

2d

Capital One sued over deceptive savings rates

The Consumer Financial Protection Bureau alleged Tuesday the bank obscured an account from customers that paid a rate 14 ...

2d

Capital One faces US CFPB lawsuit over $2bn in unpaid interest

"Capital One faces US CFPB lawsuit over $2bn in unpaid interest" was originally created and published by Retail Banker ...

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